If you have missed the November 18, 2024, deadline to file a claim in the Cash App settlement, do not worry-you’re not alone. Deadlines may sometimes catch up with us without notice, while this would mean the closing of a very important chapter in a class action lawsuit, it is far from over for you. Let’s get into what to do next and how to protect yourself, while navigating through your next steps and keeping yourself as informed as possible.
Key Details About the Cash App Settlement
| Aspect | Details |
|---|---|
| Total Settlement Amount | $15 million |
| Claim Filing Deadline | November 18, 2024 |
| Final Approval Hearing Date | January 13, 2025 |
| Payout Types | Out-of-Pocket Losses, Lost Time, Transactional Losses |
| Expected Payout Timeline | Late 2025 to Early 2026 |
Understand What You Missed
The Cash App settlement results from two major data breaches 2022 and 2023. In 2022, a former employee entered the accounts of millions of individuals without authorization and recycled phone numbers used with Cash App accounts. Block, Inc., parent company of Cash App will pay the plaintiffs 15 million dollars in settlements.
The payout options included:
- Up to $2,500 for out-of-pocket losses due to fraudulent transactions.
- $25/hour rate for actual hours lost due to time spent on the breaches.
- Compensation for documented transactional losses during the affected period.
If one missed the claim date, even by a single day, the consumer is ruled out from being paid by this settlement. However, do not lose hope-don’t forget that there are still some steps to be taken.
Common Reasons Class Action Payouts Are Delayed
| Reason | Explanation |
|---|---|
| High Volume of Claims | Processing thousands of claims takes time, especially with manual verification. |
| Incomplete Documentation | Missing or incorrect forms slow down the approval process. |
| Administrative Bottlenecks | Legal and operational complexities can create delays. |
| Appeals or Objections | If appeals are filed, the settlement payout timeline is extended. |
Step 1: Strengthen Your Account Security
The breach of data is a wake-up call to reevaluate your own digital security. First, you will want to update the Cash App password and any accounts you may have linked to it to a unique strong password. Engage two-factor authentication for further security.
Monitor your accounts’ transaction history for suspicious activities. You might catch the unauthorized actions early by being keen, and this should help limit the damage more.
Step 2: Monitor Your Credit and Finances
Data breaches can have far-reaching consequences beyond the immediate loss of accounts. Thieves may use stolen information for identity theft or other illegal purposes months or even years later. Consider these three steps:
- Check Your Credit Reports: Obtain free credit reports from Equifax, Experian and TransUnion at AnnualCreditReport.com.
- Set Up Fraud Alerts: There exists a method for reporting fraud alerts through any credit bureau whereby one’s file will be difficult to open other accounts with, stopping identity thieves from doing the same.
- Freeze Your Credit: This is a proactive measure that prevents new inquiries from being made on your account based on actions not authorized by you.
Step 3: Stay Updated on Future Developments
While the Cash App settlement claim deadline has passed, it’s worth staying informed about any additional legal actions or settlements related to this issue. Companies often face multiple lawsuits for the same incidents, and future settlements could provide another opportunity for compensation.
Bookmark the official settlement website or follow reliable news sources to ensure you’re aware of updates or new developments.
Step 4: Know Your Legal Rights
Although the class-action time may have expired, that does not necessarily mean the game’s over. You can still recover your compensation through a legal professional specializing in data breach case or consumer protection. Through consultation, they can further assess the situation, providing you with one such ground for an individual case or any other form of recovery.
Other state or country-specific consumer protection agencies may also provide information and other resources for breach victims.
Step 5: Advocate for Better Security Practices
Data breaches like one at Cash App call for better security best practices throughout the tech and financial sectors. Be the complaining customer who makes the companies accountable. Use social media to voice your concerns or sign petitions in support of legislation that seeks to strengthen cybersecurity standards and penalties for failing to do so.
Step 6: Learn From This Experience
Missing the claim deadline can be frustrating, but it’s also an opportunity to learn. Keep these tips in mind for the future:
- Sign Up for Alerts: Most class actions mail and/or e-mail a notice. Make sure your contact information is current with all the applications and services you use.
- Act Quickly: When notified of the claim, enter the deadline in your calendar, and be sure to send in all the required forms.
- Educate Yourself: Know the eligibility criteria to get a settlement and understand documentation requirements so as not to miss it.
Alternative Class Action Settlements You Might Be Eligible For
| Settlement | Eligibility Criteria | Estimated Payout | Deadline to File |
|---|---|---|---|
| Facebook Data Breach | Users affected by data breaches between 2016 and 2019. | Up to $400 | Closed |
| Equifax Data Breach | Users with personal information exposed in the 2017 Equifax data breach. | Up to $125 or free credit | Varies by claim type |
| T-Mobile Cybersecurity Breach | Customers impacted by the 2021 breach exposing customer information. | $25 or more | Ongoing |
| Uber Data Privacy Settlement | Riders and drivers affected by data breaches occurring between 2016 and 2018. | Up to $100 | March 2025 |
Final Thoughts
Not settling your Cash App deadline does not mean you are at the mercy of others. Take charge of your accounts, be aware of your financial wellness, and be prepared to limit risks and get ready for potential future opportunities. It is a valuable learning point in vigilance for today’s highly digital world. Stay one step ahead of the rest, and protect what matters most-that’s your data and your peace of mind.
How to Stay Updated on Class Action Lawsuits
| Source | What It Offers |
|---|---|
| Official Settlement Websites | Direct updates on claims, deadlines, and payouts. |
| Class Action Lawsuit Databases | Comprehensive listings of ongoing and past settlements. |
| Consumer Advocacy Groups | Insights and support for consumers impacted by data breaches and other issues. |
| News Outlets and Blogs | Timely reports and analysis on major settlements and data breach incidents. |
| Social Media Groups/Communities | Real-time discussions and updates from other claimants and experts. |
- One UI 7 and Android 15: Why Galaxy S24, S23, and S22 Owners Should Care About This Update - November 29, 2024
- OnePlus 13 Launch Details: Why the OnePlus Watch 3 Might Steal the Spotlight - November 28, 2024
- What Are the Key Upgrades in the Galaxy S25 Compared to the Galaxy S24? - November 28, 2024